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A cartoon that shows the devastating tools of mismanagement by governments: taxes, regulations and subsidies

Opinion: Harmful attempts to plan and regulate the global economy

Governments’ tendency to overtax the economy, overregulate it and misallocate resources by subsidizing losers, has been hurting economic growth, innovation and competitiveness in many parts of the world, including Europe. Now, officials are discussing novel ways to introduce such disastrous practices on the global level. Their excuse is an alleged need to tax internet companies more and block cryptocurrencies.

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